Aug 17, 2026Alibaba sells gaming arm for $1.5 billion to boost AI pivotAlibaba Group is selling its gaming division in a deal worth at least $1.5 billion, redirecting resources toward its artificial intelligence initiatives.Aug 17, 2026·2 sources00
Jul 6, 2026Microsoft Cuts 4,800 Jobs, Eliminates 3,200 Xbox Positions in Major RestructuringMicrosoft announced layoffs of 4,800 employees (2.1% of workforce), with Xbox bearing the brunt at 3,200 jobs (20% of division). The gaming unit will also divest four to five studios as part of a major reorganization.Jul 6, 2026·10 sources00
